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Mumias Sugar HY2013/14
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dunkang
#1 Posted : Thursday, February 20, 2014 9:38:28 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Net Revenue --------------- 7.13B vs 5.43B i.e +31%
Gross Profit -------------- 1.45B vs 0.14B i.e +923%
Profit (Loss) Before Tax -- (0.1B) vs (1.6B) +93%
Profit (Loss) Before Tax -- (0.073B) vs (1.11B) +93%
Earning Per Share --------- (0.05) vs (0.72) +93%

Company Outlook:
Better performance in 2nd half (Jan-Jun), but hinges on extension of COMESA safeguards that are to expire by 28th Feb.

Adequate rains experienced may assist in 2nd half.

Company will contain costs to ensure efficiency and sustainability.

Personal Outlook:
PASS! Maybe after the COMESA issue is clear and the GoK is serious on illegal sugar imports!!!!!

PASS!
Receive with simplicity everything that happens to you.” ― Rashi

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Realtreaty
#2 Posted : Thursday, February 20, 2014 10:53:24 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,297
smile So there is ressurrection? And who wouldn't run to buy now that we know its at its lowest and moving up? I tend to think Mumias will average 6 Kes by April with the govt trying to bring in a better partner to boost sugar growing.The water and power generation are good tappings. The Govt should buy all that power mumias has in surplus.Applause
dunkang wrote:
Net Revenue --------------- 7.13B vs 5.43B i.e +31%
Gross Profit -------------- 1.45B vs 0.14B i.e +923%
Profit (Loss) Before Tax -- (0.1B) vs (1.6B) +93%
Profit (Loss) Before Tax -- (0.073B) vs (1.11B) +93%
Earning Per Share --------- (0.05) vs (0.72) +93%

Company Outlook:
Better performance in 2nd half (Jan-Jun), but hinges on extension of COMESA safeguards that are to expire by 28th Feb.

Adequate rains experienced may assist in 2nd half.

Company will contain costs to ensure efficiency and sustainability.

Personal Outlook:
PASS! Maybe after the COMESA issue is clear and the GoK is serious on illegal sugar imports!!!!!

PASS!
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hisah
#3 Posted : Thursday, February 20, 2014 11:46:58 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
"Recovery", but vol spikes have been on the sellside... follow the tape...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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ngapat
#4 Posted : Thursday, February 20, 2014 12:00:45 PM
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Joined: 12/11/2006
Posts: 884
Gross profit at 1.45B. So their expenses are in excess of 1.6B. They need to control their expenses
“Invest in yourself. Your career is the engine of your wealth.”
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dunkang
#5 Posted : Thursday, February 20, 2014 12:21:39 PM
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Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
RINKI YA STETIMENTI YA HELA NDIO HII
Receive with simplicity everything that happens to you.” ― Rashi

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Aguytrying
#6 Posted : Thursday, February 20, 2014 12:42:34 PM
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Joined: 7/11/2010
Posts: 5,040
dunkang wrote:
RINKI YA STETIMENTI YA HELA NDIO HII


thanks!
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#7 Posted : Thursday, February 20, 2014 12:56:27 PM
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Joined: 7/11/2010
Posts: 5,040
Aguytrying wrote:
dunkang wrote:
RINKI YA STETIMENTI YA HELA NDIO HII


thanks!


Adminstrative expenses= 782 million
Marketing and distribution= 385 million
Other operating expenses= 336 million
Finance costs = 315 million.
Total 1.818 Bilion


Thats where the profit went. I want to find out the nature of adminstrative costs and other operating expenses.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Murenju
#8 Posted : Thursday, February 20, 2014 1:00:20 PM
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Joined: 7/13/2006
Posts: 94
Location: Nairobi
I am confident that MSC will see better days ahead if this trend is maintained. The government needs to eliminate the counterfeit sugar from the market. Regulation in wanting in the sugar industry - KSB is sleeping on the job!
Knock hard and it will be opened. Ask and you will be answered. Seek and you shall find.
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streetwise
#9 Posted : Thursday, February 20, 2014 2:12:15 PM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
If only some one can be telling me when a share is at the bottom...99% of my problems on which share to buy would be solved
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Aguytrying
#10 Posted : Thursday, February 20, 2014 3:45:57 PM
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Joined: 7/11/2010
Posts: 5,040
streetwise wrote:
If only some one can be telling me when a share is at the bottom...99% of my problems on which share to buy would be solved


nobody ever knows until much later. but I feel you
The investor's chief problem - and even his worst enemy - is likely to be himself
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dunkang
#11 Posted : Thursday, February 20, 2014 7:46:10 PM
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Receive with simplicity everything that happens to you.” ― Rashi

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underweight
#12 Posted : Thursday, February 20, 2014 7:57:01 PM
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Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
A good set of results only if the expenses are contained which I believe they are able to. At any price below KShs 3.00 its worthy filling your bucket!
"A bad decision made now is beta that a good one made later!!"
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mwekez@ji
#13 Posted : Friday, February 21, 2014 10:53:37 AM
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Joined: 5/31/2011
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Good turnaround of the company performance. I reiterate, it’s a good BUY.
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mkeiy
#14 Posted : Friday, February 21, 2014 11:09:45 AM
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Joined: 1/27/2012
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Location: Nairobi
mwekez@ji wrote:
Good turnaround of the company performance. I reiterate, it’s a good BUY.



Comesa's safeguards fate by month end should give it a clear signal either way.
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mwekez@ji
#15 Posted : Friday, February 21, 2014 11:17:13 AM
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Joined: 5/31/2011
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mkeiy wrote:
mwekez@ji wrote:
Good turnaround of the company performance. I reiterate, it’s a good BUY.


Comesa's safeguards fate by month end should give it a clear signal either way.


We can tell with good level of confidence which way that will be
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Aguytrying
#16 Posted : Friday, February 21, 2014 11:24:51 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
mkeiy wrote:
mwekez@ji wrote:
Good turnaround of the company performance. I reiterate, it’s a good BUY.


Comesa's safeguards fate by month end should give it a clear signal either way.


We can tell with good level of confidence which way that will be


yep. Im not much into volumes but they are picking up since jana. ..." mumias sugar huge demand"
The investor's chief problem - and even his worst enemy - is likely to be himself
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Realtreaty
#17 Posted : Friday, February 21, 2014 11:47:01 AM
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Joined: 8/16/2011
Posts: 2,297
Mumias will not go down again past 3. It will infact pick up to 4, 6, 9, 12 just before September whenthey announce FY results.President Uhuru knows what it means to have mumias up and working. It employs thousands direct and indirect. Can Mumias try sugarbeets as well if cane is not doing well? Where in Kenya do we grow sugarbeets?
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mkeiy
#18 Posted : Friday, February 21, 2014 12:44:48 PM
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Joined: 1/27/2012
Posts: 851
Location: Nairobi
mwekez@ji wrote:
mkeiy wrote:
mwekez@ji wrote:
Good turnaround of the company performance. I reiterate, it’s a good BUY.


Comesa's safeguards fate by month end should give it a clear signal either way.


We can tell with good level of confidence which way that will be


Looks bullish!
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dunkang
#19 Posted : Saturday, February 22, 2014 10:12:17 AM
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Location: -1.2107, 36.8831
Just as @Njung'e had told us!

Receive with simplicity everything that happens to you.” ― Rashi

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Aguytrying
#20 Posted : Saturday, February 22, 2014 11:09:53 AM
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Joined: 7/11/2010
Posts: 5,040
@dunkang. Are you in this bus or just cheering us on?
The investor's chief problem - and even his worst enemy - is likely to be himself
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